South Africa: Eskom Bid Could Mean 16 Percent Tariff Hike for Consumers

All cities in South Africa will face an electricity tariff increase of at least 16% in July if Eskom is granted a R22.8bn adjustment for the 2013/2014 financial year, according to Leslie Rencontre, director of electricity at the City of Cape Town.

Eskom made a regulatory clearing account (RCA) application for this amount to the National Energy Regulator (Nersa) on Monday.

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